1870-1872 Grand Avenue, N. Baldwin, NY 11510

Property Description

Calling All Investors, Developers & End-Users!!! 6.65% Cap 4,300+ Sqft. 2 Unit Retail Building With Private Parking Lot On Grand Avenue For Sale!!! The Property Is Located In The Heart Of Baldwin Just A Few Blocks From Sunrise Hwy. & The Baldwin LIRR Station!!! The Property Features Excellent Signage, Great Exposure, Multiple Use (482.24) Zoning, 86 Parking Spaces, High 14’ Ceilings, Full Basement, Private Driveway & Parking, Sprinklers, Strategically Placed Curb Cut, All New LED Lighting, CAC+++!!! The Building Has 30’ Of Frontage On Busy Grand Avenue!!! Neighbors Include Starbucks, BMW, Mercedes-Benz, Capital One Bank, FourLeaf Federal Credit Union, The Home Depot, Best Buy, Petco, CVS, Walgreens, Dunkin’, Wendy’s, Jiffy Lube, Dollar Tree, +++!!! The Entire Building Can Be Delivered Vacant If Need Be!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Martial Arts Studio (4,320 Sqft.): $73,740 Ann.; Lease Exp.: 8/31/25. Total Gross Income: $73,740 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Water: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $3,620 Ann. Taxes: $19,984.58 Ann. Total Expenses: $23,854.58 Ann. Pro Forma Net Operating Income (NOI): $49,885.42 Ann. (6.65% Cap!!!)